Summary
A study shows that nearly half of seniors in Mississippi rely heavily on Social Security for their income, more than any other state. The research examines how much of seniors' income comes from Social Security across different states. It highlights the financial dependence of many older Americans on this program.
Key Facts
- Almost 50% of Mississippi seniors' income comes from Social Security.
- The median income for Mississippi seniors is $44,031, below the U.S. average of $59,648.
- Southern and Midwestern states generally show higher reliance on Social Security.
- Hawaii and Alaska have the lowest percentage of seniors' income from Social Security.
- The Social Security trust fund may run out by 2033, which could impact future payments.
- The first Social Security payments for 2023 will be issued on January 14.
- Social Security supports not only retirees but also disabled people and other Americans.
